1st time ever: 10-year yield is below 3%

A sharp Treasury rally starting last Wednesday has sent the yield on the benchmark 10-year note below 3 percent for the first time ever, an event that has helped lower mortgage rates across the board. As the leading indicator of mortgage rates, the 10-year Treasury dropped below 3 percent last Wednesday and has continued its downward spiral this week.

For those qualified borrowers that can prove their income and assets, now is an opportune time to purchase or refinance into long-term fixed rate mortgages. Listed below are today’s residential rates along with my commercial and multifamily rates.

Call me at (310) 993-9507 to discuss.